The programme concludes with Shaila Desai, Head of the Old Mutual Residential Impact Fund, who argues that residential property remains materially underrepresented in institutional investment portfolios.

Desai says pension fund members are already supporting one of the most resilient income streams in the domestic property market as tenants, while their retirement savings remain largely absent from the investment opportunity. She makes the case for greater exposure to multifamily residential property in South African portfolios, highlighting its potential to deliver stable, long-term returns.

In a discussion titled “The growing case for multifamily residential in South African property portfolios”, Desai shared her observations with Thami Ngubeni.